Back to Search Results

700 N State Street, 700, Freeburg, IL, 62243

Incredible Investment Opportunity on High-Traffic State Street! This expansive 18,247 sq. ft. mixed-use property sits on 1.210 acres and offers a rare combination of commercial and residential income streams. Featuring 4 retail/commercial spaces along the highly traveled State Street, this property provides maximum visibility and excellent accessibility for tenants and customers alike. The upper levels include 8 well-maintained residential units, each providing tenants with access to desirable amenities such as an elevator, fitness room, and individual storage units—making this an appealing choice for long-term occupancy. Perfect for investors seeking a strong portfolio addition with stable rental potential. Property financials available upon approved request.

Subdivision: Williams & Gardners Add

List Price

$ 1,800,000

Status

Active

Days on market

0

MLS#

25077959

Bedrooms

0

Full baths

0

Subdivision

Williams & Gardners Add

Municipality

Freeburg

County

St Clair-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$41,492

Recent Nearby Sales in 62243

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
8 N Edison Street, Freeburg, IL 62243 1/1 576 $995 $995
100% of ask
Sep 4, 2026
6 N RAILROAD Street, Freeburg, IL 62243 2/1 819 $950 $950
100% of ask
Sep 2, 2026
10 E Washington Street, Freeburg, IL 62243 2/1 1,644 $165,000 $145,000
87.9% of ask
Aug 31, 2026
1151 W Apple Street, Freeburg, IL 62243 3/2 1,780 $398,800 $398,800
100% of ask
Aug 24, 2026
11 Lakeview Drive, Freeburg, IL 62243 3/2 1,428 $300,000 $320,000
106.7% of ask
Jul 15, 2026
840 SOUTHGATE Drive, Freeburg, IL 62243 2/1 1,038 $1,295 $1,295
100% of ask
Jul 14, 2026

Price & Listing History

Listed for sale
Nov 24, 2025 at $2,100,000
Price reduced by $300,000 (14.3%)
From $2,100,000 to $1,800,000
Current status: Active
As of Aug 3, 2026 · $1,800,000

Mortgage Estimator

Estimate your monthly payment. Adjust the sliders below.

Estimated Monthly Payment
$0
Principal & Interest: $0 · Tax: $0 · Ins: $0
Loan Amount: $0
Total Interest: $0
Total of Payments: $0
A Guerrilla Brokers, LLC agent will connect you with a trusted local lender.

Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.